Thursday, January 27, 2011

Panel finds financial crisis was avoidable (AP)

Panel finds financial crisis was avoidable (AP)

Panel finds financial crisis was avoidable (AP)

Posted: 27 Jan 2011 01:25 PM PST

Financial Crisis Inquiry Commission Commissioner Bob Graham talks about the release of the commission's report on the causes of the financial and economic crisis, Thursday, Jan. 27, 2011, in Washington. (AP Photo/Jacquelyn Martin)AP - The government-appointed panel investigating the roots of the financial crisis says the meltdown occurred because government officials and Wall Street executives ignored warning signs and failed to manage risks.

Violent protests escalate outside Egypt's capital (AP)

Posted: 27 Jan 2011 01:44 PM PST

Egyptian protesters clash with riot police in Suez, Egypt Thursday, Jan. 27, 2011. Egyptian activists protested for a third day as social networking sites called for a mass rally in the capital Cairo after Friday prayers, keeping up the momentum of the country's largest anti-government protests in years. (AP Photo)AP - Violence escalated in two cites outside the capital Cairo Thursday where anti-government protesters torched a fire station and looted weapons that they then turned on police. Egypt's top democracy advocate returned to the country and declared he was ready to lead the campaign to oust longtime President Hosni Mubarak.

Senate leaders reach agreement on filibusters (AP)

Posted: 27 Jan 2011 01:34 PM PST

Sens. Jon Kyl, R-Ariz., Lamar Alexander, R-Tenn., John Barrasso, R-Wyo., and John Cornyn, R-Texas, listen as Senate Minority Leader Mitch McConnell speaks to reporters after the weekly caucus luncheons on Capitol Hill in Washington, Tuesday, Jan. 25, 2011.(AP Photo/Harry Hamburg)AP - The Senate stood ready Thursday to reject an effort to restrict filibusters, those familiar blockades that sew gridlock and discord. Instead, the Senate's leaders announced a gentleman's agreement for minority Republicans to block fewer bills and nominations in exchange for a guarantee of more chances to amend legislation.

Snow, shovel, repeat: East Coast digs out again (AP)

Posted: 27 Jan 2011 01:31 PM PST

A flag pokes above the snow around mounds of covered grave markers in Veterans Memorial Field in East Hartford, Conn., after another winter storm, Thursday, Jan. 27, 2011. (AP Photo/Jessica Hill)AP - Enough already.

Gates faults Congress for 'crisis on my doorstep' (AP)

Posted: 27 Jan 2011 01:26 PM PST

U.S. Defense Secretary Robert Gates smiles following a joint news conference with Canadian Defense Minister Peter MacKay in Ottawa on Thursday, Jan. 27, 2011. (AP Photo/The Canadian Press, Pawel Dwulit)AP - Defense Secretary Robert Gates is accusing Congress of dumping a "crisis on my doorstep" by holding the Pentagon to last year's spending levels and creating a potential $23 billion gap that could weaken a wartime military.

AP source: Obama picks Carney for press secretary (AP)

Posted: 27 Jan 2011 01:32 PM PST

AP - President Barack Obama has chosen Jay Carney, the communications chief to Vice President Joe Biden and a former magazine journalist, to be the next White House press secretary.

Harry Reid is unbowed in taking on GOP, Obama (AP)

Posted: 27 Jan 2011 01:26 PM PST

President Barack Obama talks with Senate Majority Leader Harry Reid of Nev., left, and Sen. Patrick Leahy, D-Vt., on Capitol Hill in Washington, Tuesday, Jan. 25, 2011, after delivering his State of the Union address. (AP Photo/Pablo Martinez Monsivais, Pool)AP - If anyone thought Sen. Harry Reid's near-death political experience last fall would chasten the Senate majority leader, think again. The Nevada Democrat is back in his familiar perch, directing the Senate's actions and firing shoot-from-the-lip zingers at powerful politicians, including President Barack Obama.

Police: US missionary possibly killed over truck (AP)

Posted: 27 Jan 2011 01:17 PM PST

The Pharr International Bridge is seen, Thursday, Jan. 27, 2011, in Pharr, Texas. A U.S. missionary working in Mexico who brought his mortally wounded wife, Nancy Davis, 59, to the border bridge told authorities in the United States that gunmen in a pickup truck shot her in the head, according to police. (AP Photo/Eric Gay)AP - An American missionary couple who were allegedly attacked by gunmen in a dangerous part of Mexico may have been targeted for their expensive pickup truck, because drug gangs covet the vehicles, police said Thursday.

Humans may have left Africa earlier than thought (AP)

Posted: 27 Jan 2011 01:23 PM PST

This undated handout photo provided by the journal Science shows the Jebel Faya rockshelter from above, looking north, showing eboulis blocks from roof collapse and the location of excavation trenches. Modern humans may have left Africa thousands of years earlier than previously thought, turning right and heading across the Red Sea into Arabia rather than down the Nile, an international team of researchers says. (AP Photo/Science)AP - Modern humans may have left Africa thousands of years earlier than previously thought, turning right and heading across the Red Sea into Arabia rather than following the Nile to a northern exit, an international team of researchers says.

Charlie Sheen hospitalized with abdominal pain (AP)

Posted: 27 Jan 2011 01:25 PM PST

FILE - This Jan. 28, 2009 file photo shows Charlie Sheen in Los Angeles. (AP Photo/Chris Pizzello, File)AP - Charlie Sheen's publicist says the actor has been hospitalized in Los Angeles with severe abdominal pains. Publicist Stan Rosenfield gave no other details of the 45-year-old's condition.

ElBaradei returns to Egypt on third day of clashes (Reuters)

Posted: 27 Jan 2011 12:28 PM PST

People surround the ambulance transporting Gharib Abdelaziz Abdellatif in the port city in Suez, about 134 km (83 miles) east of Cairo, January 26, 2011. REUTERS/Mohamed Abd El-GhanyReuters - Police fought protesters in two cities in eastern Egypt on Thursday and Nobel Peace Prize winner Mohamed ElBaradei arrived back in the country to join a major demonstration on Friday to try to oust President Hosni Mubarak.

Microsoft beats Street but consumer worries linger (Reuters)

Posted: 27 Jan 2011 01:39 PM PST

Microsoft's new Kinect controller for the Xbox 360 is seen on a shelf at the Best Buy store in 2010 in Miami Beach, Florida. Microsoft on Thursday reported its net profit slipped despite record-high revenue in the last quarter on sales of computers and Kinect controllers for Xbox 360 consoles.(AFP/Getty Images/File/Joe Raedle)Reuters - Microsoft Corp surprised Wall Street with a better-than-expected profit, but its shares stayed flat as investors expressed concern about the weakness of computer sales amid a faltering U.S. recovery.

S&P cuts Japan sovereign rating (Reuters)

Posted: 27 Jan 2011 09:16 AM PST

Reuters - Standard & Poor's cut Japan's credit rating on Thursday for the first time since 2002, saying Tokyo had no plan to deal with its mounting debt, a warning that could rattle other heavily indebted rich countries.

Snow hits Northeast, New York vows to improve clean-up (Reuters)

Posted: 27 Jan 2011 01:29 PM PST

A man walks past a row of cars buried under snow from a overnight storm in Hoboken, New Jersey January 27, 2011. The New York area was hit with almost two feet of snow in a storm that hit the U.S. Northeast. REUTERS/Gary HershornReuters - The Northeast dug out of yet another winter storm on Thursday that pummeled the region with unexpectedly heavy snowfall, making January the snowiest month in New York in more than 85 years.

GM drops U.S. loan application after turnaround (Reuters)

Posted: 27 Jan 2011 08:47 AM PST

General Motors' vehicles are displayed in front of the New York Stock Exchange on the morning of GM's initial public offering in New York, November 18, 2010. REUTERS/Todd Plitt/General Motors/HandoutReuters - General Motors Co has withdrawn its application for $14 billion in subsidized loans from the U.S. Department of Energy, saying it has the financial strength to fund investment in more fuel-efficient and electric vehicles on its own.

Amazon revenue misses, shares plunge (Reuters)

Posted: 27 Jan 2011 01:27 PM PST

Reuters - Amazon.com posted quarterly revenue that fell short of analysts' estimates on Thursday and its shares fell almost 10 percent.

Bernanke: all but one major firm at risk in 2008 (Reuters)

Posted: 27 Jan 2011 11:00 AM PST

Alan Greenspan, former chairman of the Federal Reserve, testifies before the Financial Crisis Inquiry Commission hearing on Capitol Hill in Washington April 7 , 2010. REUTERS/Kevin LamarqueReuters - Twelve of the 13 most important U.S. financial firms were at the brink of failure at the height of the credit crisis in 2008, according to previously undisclosed remarks made by Federal Reserve Chairman Ben Bernanke in November 2009 to an investigative panel.

Nelson Mandela recovering from collapsed lung (Reuters)

Posted: 27 Jan 2011 11:46 AM PST

Police stand guard at the entrance of Milpark Hospital in Johannesburg January 27, 2011. REUTERS/Siphiwe SibekoReuters - Former South African President Nelson Mandela is recovering from a collapsed lung and could be released from hospital as early as Friday, a source close to Mandela told Reuters on Thursday.

Egypt activists keep up the heat, boosted by ElBaradei (AFP)

Posted: 27 Jan 2011 01:38 PM PST

Leading dissident and former UN nuclear watchdog Chief Mohammed ElBaradei speaks to the press upon his arrival in Cairo from Vienna. Protests calling for the ouster of President Hosni Mubarak raged in Egypt for a third straight day on Thursday as ElBaradei returned home, offering to step into the breach.(AFP/Mohammed Abed)AFP - Protests calling for the ouster of President Hosni Mubarak raged in Egypt for a third straight day on Thursday as leading dissident Mohamed ElBaradei returned home, offering to step into the breach.

Baghdad car bomb hits mourners, 53 dead in attacks (AFP)

Posted: 27 Jan 2011 12:02 PM PST

Iraqis gather at the scene of a car bomb that detonated outside a mourning tent during a funeral ceremony in a Shiite Muslim Shuala neighborhood of the capital Baghdad. A massive car bomb ripped through a funeral ceremony on Thursday, killing 48 people in Iraq's bloodiest day in more than two months.(AFP/Ahmad al-Rubaye)AFP - A massive car bomb ripped through a funeral ceremony in a Shiite district of Baghdad on Thursday, killing 48 people in Iraq's bloodiest day in more than two months.
Posted by Harshad at 1:48 PM

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